GAFISA S.A. informed its shareholders and the market in general the hiring of Mr. Saulo Nunes, who took the position of Chief Operational Officer. He has large experience in business management, real estate, large areas, and urban land. Mr. Nunes has been working in the real sector for the past 30 years, liable for the development and construction of several upper-middle residential and commercial properties. Mr. Eduardo Larangeira Jácome takes the position of Management Executive Officer, being replaced by Mr. Nunes as Chief Operational Offices.